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Venture Capital | 29 November 2012

Sequoia Capital, Canaan Partners Invest In AdNear

by Charmi Gutka
 
@charmi
Sequoia Capital along with @Canaan_Partners has invested R35 Cr in location-based mobile advertising platform – Adnear.

The funds raised will used for expansion in to Asia-Pacific region and towards growing the team.

Founded in 2008 by Anil Mathews, Adnear provides based mobile advertising that supports both feature phones and smart phones. It is currently serving in India, Singapore, Australia, and other Asia-Pacific countries.

Global Retailer - Esprit To Exit India By Year End

At a time when India opened up the gates of FDI into multi-brand and single brand retail, there comes Esprit’s plan to exit the Indian market by the end of 2012.

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China's Hareon Solar Partners Nereus Capital For India Foray

Chinese solar panel maker Hareon Solar Technology Company is partnering US-based, India-focused private equity firm Nereus Capital for foraying into the Indian sub continent as the former seeks to set up 150 MW of solar power plants in India in the next two years.

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